5 of the Most Affordable Locations to Buy in London
The first few months of 2017 have without a doubt been politically temperamental, what with the triggering of Article 50 and the coming election in June. With political instability comes the inevitable fluctuation in the property market. Property prices in London may have plateaued for now, but London still remains one of the most expensive cities in the world to live. With this in mind Luxe Property Group sought to explore the postcodes in London with the most affordable price tag.
Abbey Wood, SE2
Average Price: £309,561
Five-year growth: 76%
Abbey Wood is an area of southeast London, within the London Boroughs of Greenwich and Bexley. South of Thamesmead and 10.6 miles from Charing Cross with a train ride time of 35 minutes, Abbey Wood is a perfect location to set up camp for commuters. Not to mention, that the station will soon become a terminus for the southeastern branch of Crossrail’s Elizabeth Line, beginning in late 2018.
Average Price: £376,554
Five-year growth: 58%
Uxbridge is a town situated in west London. With two shopping centres, a leisure centre and an established university, the town is buzzing with energy. Both the Picadilly and Metropolitan lines connect Uxbridge to the city, and although being based at the end of the line means a longer commute, you’re almost certain to get a seat in rush hour.
Average Price: £377,484
Five-year growth: 66%
Based in the far east of London lies Stratford. Home to both Westfield Stratford City, one of the largest urban shopping centres in Europe, and Queen Elizabeth Olympic Park sporting complex that was built for the 2012 Summer Olympics and Paralympics. On both the Central and Jubilee line, as well as the London Overground, Stratford is not only a buzzing place to live, but an easy commute into the London’s centre.
Average Price: £347,486
Five-year growth: 67%
Tottenham, home to the White Heart Lane football stadium or ‘The Lane’ is probably the most notorious site in Tottenham. Despite the team relocating to Wembley for the coming year, the new stadium that’s set to be built on this site in 2018/19 predicts Tottenham becoming an even more thriving hub then it already is. With numerous bus connections and a London Overground station, Tottenham is a well-connected location to live.
Enfield Lock, EN3
Average Price: £312,004
Five-year growth: 57%
In the North East of London and based in Travelcard Zone 6 lies Enfield Lock. Connected by railway and the River Lee navigation, this location is a perfect place for those with a boat. With a rising increase of Londoners looking to the rivers and canals for better value home, Enfield Lock is also an ideal spot for mooring.
About Luxe Property Group:
At Luxe Property Group, we offer our clients the very best in property development, property investment and property management solutions. With extensive experience and an unrivalled success rate, we’re always keen to explore new opportunities. Call us on 020 7383 8042 or email us at email@example.com to find out how we can strengthen your portfolio.
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